Foreign media: Ali Tencent battle Southeast Asian market who will lose, who will win?

category:Internet
 Foreign media: Ali Tencent battle Southeast Asian market who will lose, who will win?


Photo: in November 3, 2017, Alibaba Chairman Ma Yun and Malaysia Prime Minister Naguib (NajibRazak) attended the opening ceremony of the electronic world trade platform (eWTP) held in Kuala Lumpur, Malaysia. These technology giants pay special attention to micro and small and medium enterprises (MSME). Small businesses are holding the key to the next growth phase of the Southeast Asian economy. As micro and small and medium-sized enterprises are starting to use the power of the platform economy, Chinese technology companies are planning carefully to attract new customers to their digital ecosystem. For policymakers, this is a tempting scenario because they are pursuing their economic growth agenda. Cooperation with Chinese companies seems to be an obvious strategy: these enterprises bring extensible frontier technology and provide plug and play opportunities, which can produce immediate and beneficial results. But Southeast Asian countries also have concerns and distrust about these companies. Nowadays, the first question about Chinese enterprises is not what they bring, but whether they pose a threat. First of all, these Chinese technology companies are monopolies, and they have the ability to crush local small companies, which is no different from their Western counterparts. Second, these giants are linked to the Chinese government and are often regarded as agents of the Chinese government. But Ali Tencent has now developed to the level of providing services for the huge market. Although the economy in Southeast Asia is still poor, in rural, isolated or marginalized, the business model of these Chinese companies is perfectly compatible with the emerging markets in Southeast Asia. Western companies such as Amazon and Paypal, are all based on the traditional banking system and the traditional framework, they have been around for decades, but the ant gold suit and Alipay and other companies are using the block chain and financial technology to create a new digital future. To pay WeChat and Alipay as an example, they provide a digital wallet payment platform and other mobile applications, has opened up a new market for millions of people. This brings great hope to the non banking population in Southeast Asia, where only 27% of the residents have bank accounts. If there is no effective digital payment system, which is the core of any platform ecosystem, the population of Asia will not be able to achieve inclusive economic growth. Jeff Williamson (JeffWilliamson), director of the California Center for international trade and development (CITD), is working closely with the China e-commerce platform Jingdong (JD.com) to list the MSME exporters based in California. Williamson said that Chinas e-commerce companies have a very complex digital consumer base, and they use social media more widely and more effectively than Westerners. Chinese enterprises have also used a wide range of overseas Chinese communities. These minority networks are both a loyal customer base and an extension network for the whole region. TaoBaoUniversity, a Alibaba, recently launched a major event in Singapore, which was conducted in Chinese in. Alibaba recently opened the first digital free trade area (DFTZ) in the world with the Malaysia government. The DFTZ platform is a one-stop platform for small and medium-sized enterprises to expand their business and export globally. Through the registration of Alibaba services, SMEs can not only attract foreign buyers and suppliers, but also obtain trade financing, end to end logistics services, customs clearance, payment platform and data analysis based on cloud computing. Alibabas DFTZ opened in Kuala Lumpur, and even Prime Minister Naguib personally launched the red carpet for Ma Yun, executive chairman of Alibaba group, in Malaysia. The goal of DFTZ is to set up a large logistics distribution center and logistics network to place Malaysia at the center of the Alibabas trade infrastructure in Southeast Asia. All of this is focused by the governments Chinese Belt and Road Initiative connect the new business. For many people, the joint venture made Ma a messenger of Chinese companies. The public and private sectors should pay close attention to Alibabas DFTZ cooperation projects. The introduction of Chinese technology giants like Alibaba has many advantages, but people always worry about data privacy and security issues. For example, Malaysia law requires that Chinas instant messaging applications retain all records of conversations. WeChat has more than 1 billion users, and more and more users come from outside China. In a broader context, the Facebook- Cambridge analysis (CambridgeAnalytica) scandal sparked doubts about the threat posed by large platform companies. In the future, policymakers will have to deal with the same problem in addition to their specific concerns about technology in China. (small)